Oliver Company provided the following information for the years 2015 and 2016:

Oliver Company
Income Statement
For the Year Ended December 31, 2016
Sales	$ 75,000
Cost of goods sold	(20,000)
Depreciation expense	(2,000)
Other expenses	(13,000)
Net income	$ 40,000

Oliver Company
Comparative Balance Sheets
At December 31, 2015 and 2016
	2015	2016
Assets
Cash	$ 24,600	$ 64,600
Accounts receivable	5,400	9,200
Inventory	8,000	6,000
Property, plant, and equipment	160,000	175,000
Accumulated depreciation	(18,000)	(20,000)
Land	20,400	47,000
Total assets	$200,400	$281,800
Liabilities and equity
Accounts payable	$ 8,600	$ 10,000
Mortgage payable		40,000
Stockholders equity	191,800	231,800
Total liabilities and equity	$200,400	$281,800

Required:

1.	Calculate the change in cash flows that serves as the control figure for the statement of cash flows.
2.	Prepare a schedule that provides operating cash flows for the year 2016 using the indirect method.Note: Use a minus sign to indicate any decreases in cash or cash outflows. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.)
3.	Assume that you have all the information provided for Requirement 1 except that you only know the beginning balance of accounts receivable for 2016. Given this information and assuming that the operating cash flows for 2016 are $41,000, calculate the ending balance for accounts receivable.

Refer to the list below for the exact wording of an amount description within your Statement of Cash Flows.

Amount Descriptions
Decrease in accounts payable
Decrease in accounts receivable
Decrease in inventory
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
Increase in inventory
Net cash from operating activities
Net income
Net loss

1. Calculate the change in cash flows that serves as the control figure for the statement of cash flows.

3. Assume that you have all the information provided for Requirement 1 except that you only know the beginning balance of accounts receivable for 2016. Given this information and assuming that the operating cash flows for 2016 are $41,000, calculate the ending balance for accounts receivable.